The Securities and Exchange Commission (SEC) Nigeria on Tuesday sealed the office of Stockmatch Investments Ltd in Maiduguri, Borno State, for allegedly engaging in illegal investment activities. In a statement issued by the commission on the regulatory action, it disclosed that the sealing of the firm’s premises was in furtherance of its commitment to ensure […]
The Securities and Exchange Commission (SEC) on Friday reported that the unclaimed dividends in Nigeria’s capital market had risen to about N190 billion as many investors failed to claim their investment return accruals. The Director-General of the commission, Mr. Lamido Yuguda, made this disclosure during the commission’s virtual second Capital Market Committee (CMC) briefing which […]
The Securities and Exchange Commission (SEC) Nigeria has declared the activities of Binance cryptocurrency exchange firm in Nigeria as illegal and therefore urged the investing public to discontinue transactions or investment deals with the firm in any form. The commission, in a circular dated June 09, 2023, cautioned that any Nigerian trading on Binance Nigeria […]
The Securities and Exchange Commission (SEC) Nigeria has approved a new share buy-back programme for Dangote Cement Plc as part of the manufacturing company’s financial strategies for improved returns on its assets and stock value. A Notice on the approval from the Nigerian Exchange Limited (NGX) indicated that the share buy-back programme would expire on […]
The Securities and Exchange Commission (SEC) has announced that its first Capital Market Committee (CMC) meeting in 2022 will virtually hold tomorrow to appraise Fintech Roadmap and other issues covered in its 10-Year Capital Market Master Plan (CMMP). The meeting is expected to feature key stakeholders in the capital market who will deliberate on issues […]
Director General of the Securities and Exchange Commission, Mr. Lamido Yuguda, has identified technological innovations as one of the factors that could enhance the efficiency and transparency of capital markets globally and enable financial intermediation, thereby making it easier for investors and market professionals to identify opportunities and conduct their businesses in a timely and […]
The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited, saying that neither the entity nor the illegal products they offer in Nigeria is registered or regulated by the Commission. According to the SEC, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the illegal fund […]